St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-04
FINANCIAL.
New York.

NEW YORK. May 3.-Money on call easy at
1907 per cent; last loan 5; closing offered
at per cent. Prime mercantile paper, 5@5%
per cent. Sterling exchange dull but stronger
at 1861 for siXty-day bills, and 1919 for de-
mand. The stock market to-day, except for
three or four stocks, was fully as dull and
featureless as yesterday, although the opera
tions in the few active stocks gave more
character to the trading. There was no news
of Importance, and the operations were little
more tnan the manipulations by the cliques
and the usual purchases and sales by the
room traders. Fluctuations in the general list
were unusually small, and possessed little or no
significance. Western Union was the principal
point of attack in the forenoon, but gave
place later to Reading and New England.
Many conflicting stories in regard to the first
named stock continue to be put in circulation
and the street is puzzled in regard to Its fut-
ure course. The efforts to depress New Eng
land met with but small success, and it's
strength in the forenoon was, considering
the influences brought to bear ag ainst it,
somewhat remarkable. Fort Worth & Denver
was the conspicuous strong stock OF the day.
but ITS movements had no effect upon the
general list. Money was again bid up in the
afternoon, and in conf junction with the ad-
vance in sterling exchange sales had some
little effect upon the market. Union Pacific
was remarkably steady throughout the
day, the improvements in its tone be-
ing generally ascribed to the late report of
earnings. The opening was generally firm, most
stocks showing advances of q to Hc. The
market soon weakened, however, and frac-
tlonal declines were established in the general
list while New England was specially weak
for the first few minutes. general rally
occurred, however, before noon, although
Western Union continued weak throughout
that time. The fluctuations in the general
list were confined within range of 3sc and
after IL o'clock the market became extremely
dull Fort Worth s. Denver was strong and
the general list responded feebly, but later
the improvement was entirely lost. the heavy
tone prevailing until near the close which
was dull and steady. Sales, 2l0,46S shares.
Reading, 45,059; New England, 27,400; Wes-
tern Union, &c, 6l0; Union Pacific, 1880; Fort
Worth & Denver, 1880. Closing prices are
irregularly changed from those of last even
ing. declines being slightly in the majority.
Fort Worth & Denver gained 1Hc,
but all differences are for fractions.
Railroad bonds were quiet with sales of
1,59O,OO0. The list was firm in the morning,
but weakened later in the day, and closing
prices show irregular changes. Morris Il
Essix gained 2 to 1917, Kansas Pacific 6s of
50, 2 to lis. Oregon short line lists lost to
1917. Government bonds were dull, but
steady to weak. Stale bonds were dull and
steady. The total sales of stocks to-day were
2l0, 1853 shares, including:
DEL Lack. & w. 1900 Northwestern $500
Erie. ........... 5,400 Reading 80. $4,000
Lake Shore..... 5,764ISt. Paul. ....... 5000
Louis. & Nash. 5000 Union Pacific. 1880
Missouri Pacific 5000 Western Union. 26,61O
r. M. NEWPORT & SON,
INVESTMENT BANKERS,
1872, 1853 and 1874 Drake Block.
ST. PAUL, MIMI.
Buy and Sell Stocks. Bonds and Real Estate.